Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Summary of income from discontinued operations on consolidated statements of income

The following is a summary of income from discontinued operations on our consolidated statements of income (dollars in thousands):

	Three months ended						Nine months ended
	September 30,						September 30,
Income from discontinued operations	2014			2013			2014			2013
Gain on sales of real estate	$	-		$	6,163		$	2,607		$	50,467
Rental revenue	15			906			111			5,016
Tenant reimbursements	-			34			-			133
Other revenue	-			7			13			414
Depreciation and amortization	-			(426		)	-			(1,536		)
Property expenses (including reimbursable)	(15		)	(174		)	(132		)	(812		)
Provisions for impairment	-			(76		)	-			(2,738		)
Crest’s income (loss) from discontinued operations	-			(35		)	498			(113		)
Income from discontinued operations	$	-		$	6,399		$	3,097		$	50,831
Per common share, basic and diluted	$	0.00		$	0.03		$	0.01		$	0.27

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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